Productivity gains showing up in services
Running on empty? how economic freedom affects oil supplies
Labor market globalization in the recession and beyond
Two types of immigration, physical (immigration that brings the workers to the work) and virtual (immigration that moves the work rather than the workers, involving the long-distance delivery of services), have contributed to globalization of the labor force over the past quarter century. In the past two years, recession has spread to most parts of the world, slowing or even reversing globalization's momentum. The slowdown has taken a toll on both physical and virtual immigration. In recovery, the long-term factors supporting cross-border integration of trade, finance and labor are likely to ...
Fed intervention: managing moral hazard in financial crises
At the end of September 2008, U.S. policymakers had been working for more than a year to contain the shock waves from plunging home prices and the subsequent financial market turmoil. For the Federal Reserve, the crisis has given new meaning to the adage that extraordinary times call for extraordinary measures. The central bank has dusted off Depression-era powers and rewritten old rules to address serious risks to the global financial system.
America's trade deficit: the latest false alarm
The churn among firms
China and India: two paths to economic power
The two Asian giants have achieved rapid and sustained growth -- China by focusing on goods, India by tilting toward services.
The new paradigm